Deals - Joint Ventures | Capital Markets | Private Equity Activity
Double Eagle, FourPoint Form New Midland Basin E&P
Print
|
Double Eagle Energy Holdings III and FourPoint Energy have formed a new company, DoublePoint Energy LLC.
The new venture is backed with equity from Quantum Energy Partners, FourPoint Energy, funds managed by GSO Capital Partners LP, and other investors.
The total investment amount was not disclosed.
Currently, Double Eagle has one rig running, and as field and drilling operations are transitioned to the combined company, DoublePoint plans to ramp up drilling and development activity over its footprint, which has been largely undeveloped to date.
About DoublePoint:DoublePoint is a pure-play Midland Basin company with over 70,000 acres in the core areas of the oil-rich, multi-pay zones in Midland, Glasscock, Martin, Howard, Upton and Reagan Counties, Texas. The assets of the new company…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Deals - Create New Company News
Whiting, Oasis Seal $6.0B Merger Deal; Form Chord Energy
Chord Energy Corp. has announced the successful completion of the combination of Whiting Petroleum Corp. and Oasis Petroleum Inc., creating a scaled unconventional U.S. oil producer with a…
Cabot, Cimarex Finalize Combination; Emerges as Coterra Energy
Coterra Energy Inc. announced the successful completion of the combination of Cabot Oil & Gas Corp. and Cimarex Energy Co. Coterra's common stock will trade on the New…
Kayne Anderson Fuses Anadarko Basin Portfolios into New Entity
Kayne Anderson Energy Funds reported the all-equity consolidation of Casillas Petroleum Resource Partners, Native Exploration Holdings and Acacia Exploration Partners to form 89 Energy III LLC. Assets 89…
Permian - Midland Basin News
Ring Energy, Inc., First Quarter 2023 Results
Ring Energy, Inc., announced first quarter 2023 results. Highlights Grew first quarter 2023 sales volumes 2% to a record 18,292 barrels of oil equivalent per day ("Boe/d") (69%…
HighPeak Energy, Inc., First Quarter 2023 Results
HighPeak Energy, Inc., announced first quarter 2023 results. Highlights Produced average sales volumes of 37,222 barrels of crude oil equivalent per day ("Boe/d"), consisting of 85% crude oil…
Callon Petroleum Company First Quarter 2023 Results
Callon Petroleum Company announced first quarter 2023 results. Highlights Net income of $220.6 million, or $3.57 per diluted share (all share amounts are stated on a diluted basis),…
Diamondback Energy Reducing 2023 Drilling Program
Diamondback Energy, Inc. announced first quarter 2023 results. However during the earnings call. Here are a few things the company said. "We are going to reduce our rig…
SM Energy Company announced its first quarter 2023 results
SM Energy Company announced its first quarter 2023 results. Highlights Growing profitability. In the first quarter 2023, net income was $198.6 million, or $1.62 per diluted common share,…